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In this episode of The Option Block, Host Mark Longo and "Uncle" Mike Tosaw from St. Charles Wealth Management dive into a wild Monday market. With "The Rock Lobster" hitting the slopes, the duo navigates a landscape filled with geopolitical headline risk, 80s sports trivia, and significant technical sell-offs. The Trading Block: The panel analyzes the "Monday Rally" following a weekend of geopolitical tension. We look at the VIX hanging near 24, the impact of non-farm payrolls on a closed market Friday, and the massive volume in Tesla (TSLA) as it dips below the $350 level. Plus, a breakdown of the top 10 most actives including Intel (INTC), Apple (AAPL), and Nvidia (NVDA). The Odd Block: It's a "blood-red" day for Veridian Therapeutics (VRDN). We examine the massive 22% drop and the suspicious put activity leading into May earnings. We also revisit Enovix Corp (ENVX) call buying and a "lose-lose" expiration scenario in Magna Corp (MAGN). Strategy & Mail Block: Uncle Mike discusses Strike Price Selection for covered calls in a high-volatility environment—should you go for the "juice" at-the-money or play it safe? We also reveal the results of our "Gun to your Head" poll: Microsoft (MSFT) vs. Micron (MU). |